A liquid asset can be converted quickly to cash with little sacrifice in its value. Which...

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A liquid asset can be converted quickly to cash with little sacrifice in its value. Which of the following asset classes is generally considered to be the least liquid? Plant and equipment Accounts receivable Inventories The most recent data from the annual balance sheets of Free Spirit Industries Corporation and LeBron Sports Equipment Corporation are as follows: Balance Sheet December 31" (Millions of dollars) LeBron Sports Equipment Corporation Free Spirit Industries Corporation Equipment Corporation LeBron Sports Free Spirit Industries Corporation Assets Liabilities Current assets Current labilities Cash $3,157 $2,029 Accounts $0 50 payable Accounts 1,155 743 Accruals 696 receivable Inventories 3,388 2,178 Notes payable 3,944 3,712 Total current $7,700 $4,950 Total current $4,640 $3,712 assets liabilities Net fixed i Long-term 5,672 4,538 A liquid asset can be converted quickly to cash with little sacrifice in its value. Which of the following asset classes is generally considered to be the least liquid? Plant and equipment Accounts receivable Inventories The most recent data from the annual balance sheets of Free Spirit Industries Corporation and LeBron Sports Equipment Corporation are as follows: Balance Sheet December 31" (Millions of dollars) LeBron Sports Equipment Corporation Free Spirit Industries Corporation Equipment Corporation LeBron Sports Free Spirit Industries Corporation Assets Liabilities Current assets Current labilities Cash $3,157 $2,029 Accounts $0 50 payable Accounts 1,155 743 Accruals 696 receivable Inventories 3,388 2,178 Notes payable 3,944 3,712 Total current $7,700 $4,950 Total current $4,640 $3,712 assets liabilities Net fixed i Long-term 5,672 4,538